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BRIEF-Critical Control announces restructuring and cost reduction

Published 2015-09-03, 08:27 a/m
© Reuters.  BRIEF-Critical Control announces restructuring and cost reduction
CCZ
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Sept 3 (Reuters) - Critical Control Energy Services Corp. CCZ.TO :
* Announces restructuring and cost reduction
* Says restructuring its North American operations, which span across the
United States and Canada
* Brenton lawther, president of gas analytical, the corp's wholly owned US
subsidiary will be leaving
* Chann underwood, vice president of measurement services for gas analytical
will be retiring by end of 2015
* Critical control energy ser-changes are expected to result in a cost
reduction of $1.5 million annually once fully implemented by the end of 2015
* Restructuring North American operations to further reduce administrative
costs and, where appropriate, integrate product offerings
* Says is expecting to take charge of $0.8 million to $0.9 million in Q3 as a
result of restructuring

* Source text for Eikon ID:nMKW5JQ5Ta

* Further company coverage CCZ.TO

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